US EditionSamsung challenges $520 million tax demand in India, points to Reliance practice
- Samsung has filed an appeal with a Mumbai-based tax tribunal in India to contest a $520 million tax claim related to the alleged incorrect classification of imported networking equipment.
- The demand, issued in January, accuses Samsung of evading 10-20% import tariffs on Remote Radio Head components sold to Reliance Jio from 2018 to 2021, while Reliance had imported similar equipment tariff-free until a 2017 warning.
- Samsung contends that Indian tax authorities were aware of the import classification and never raised concerns, criticizing Reliance for failing to notify Samsung of the 2017 tax warning and asserting that officials had full knowledge of the business arrangement.
- The $520 million tax demand, plus an $81 million fine on seven Samsung employees, together total $601 million, which represents a large portion of Samsung India’s $955 million net profit last year.
- Samsung asserts the order was issued "in a hurry" without a fair opportunity to present its case, highlighting the "huge stakes" involved, while Indian investigators have accused Samsung of violating business ethics to maximize profits.
19 Articles
19 Articles
Samsung Slams India’s $520M Tax Demand As Unfair, Points To Reliance Dealings
Imagine getting slapped with a $520 million tax bill—and then being told it’s for something everyone else was doing, too. That’s Samsung’s gripe with India’s tax authorities.The South Korean tech titan is fighting back against accusations that it dodged import duties by misclassifying key telecom gear. Specifically, a component called a “Remote Radio Head.”Between 2018 and 2021, Samsung sold the gear to Reliance Jio. But now India says Samsung o…
Samsung fights $520 million India tax demand, points to Reliance practice
Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance imported the same component in a similar manner for years, documents show.
Samsung Moves CESTAT, Challenges USD 500-mn Penalty
Get latest articles and stories on Latest News at LatestLY. Consumer electronic major Samsung India has moved the Customs Excise & Service Tax Appellate Tribunal (CESTAT), challenging a penalty amount of more than half a billion dollars imposed on it by government officials, according to industry sources. Latest News | Samsung Moves CESTAT, Challenges USD 500-mn Penalty.
Samsung fights US$520 million India tax demand, points to Reliance practice
NEW DELHI: Samsung has asked an Indian tribunal to quash a US$520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India’s Reliance imported the same component in a similar manner for years, documents show. © New Straits Times Press (M) Bhd
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
